Pathward National Association
Headquartered in SIOUX FALLS, SD. Analysis based on 423 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $615.3M.
Total 7(a) loans
423
Total approved
$615.3M
Average loan
$1.5M
States funded in
44
Charge-off rate
4.68%
FY2020–FY2023 cohort
Paid-in-full rate
30.41%
Average rate
8.88%
Average term
130 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 524210 | Insurance Agencies and Brokerages | 74 |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 15 |
| 722513 | Limited-Service Restaurants | 14 |
| 238990 | All Other Specialty Trade Contractors | 9 |
| 523930 | Investment Advice | 9 |
| 722511 | Full-Service Restaurants | 9 |
| 713940 | Fitness and Recreational Sports Centers | 8 |
| 238160 | Roofing Contractors | 8 |
| 811111 | General Automotive Repair | 7 |
| 423990 | Other Miscellaneous Durable Goods Merchant Wholesalers | 6 |
Top 10 states
| State | Loans |
|---|---|
| FL | 66 |
| CA | 52 |
| TX | 44 |
| GA | 19 |
| NY | 18 |
| NC | 17 |
| IL | 16 |
| MI | 16 |
| OH | 14 |
| SC | 11 |
Top franchise brands financed
51 franchise loans across 41 distinct brands.
| Franchise | Loans |
|---|---|
| Edible Arrangements | 5 |
| Anytime Fitness | 2 |
| Mr. Appliance | 2 |
| Serotonin | 2 |
| Ameriprise Financial | 2 |
| Cold Stone Creamery | 2 |
| PuroClean | 2 |
| Jersey Mike's | 1 |
| Tea 2 Go | 1 |
| Modern Acupuncture | 1 |
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Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.